Grab accelerates fintech expansion through Stash deal acquisition for US$425m

Singapore – Grab Holdings Limited has signed definitive agreements to acquire 100% of U.S. digital investing platform Stash Financial, Inc. in a deal that accelerates its financial services roadmap and expands its footprint into the mass-market investing segment.

Under the agreement, Grab will acquire an initial 50.1% stake at closing at an enterprise value of US$425m, with the remaining interest to be purchased at fair market value over three years. 

The transaction, subject to regulatory approvals and customary conditions, is expected to close in the third quarter of 2026. 

Payment at closing will be made through a combination of cash and stock, with subsequent payments in cash and/or stock at Grab’s discretion.

Regulated by the U.S. Securities and Exchange Commission, Stash is a registered investment adviser with more than US$5 billion in assets under management and over one million paying subscribers. 

The subscription-based platform provides investing, banking, and financial education tools aimed at supporting long-term wealth building. The business is Adjusted EBITDA and cash-flow positive, and based on current performance is expected to generate more than US$60 million in Adjusted EBITDA in the 2028 calendar year.

Anthony Tan, group chief executive officer and co-founder of Grab, said, “This is a milestone in Grab’s evolution as a trusted international provider of financial services. This acquisition brings more than just recurring, high-margin subscription revenue; we will strengthen Grab’s fintech knowhow with Stash’s AI-powered investing app, designed with existing U.S. regulatory requirements at its core. While we remain operationally focused on Southeast Asia and scaling our regional loanbook, this move reinforces our mission of democratizing financial services for everyone.”

Stash’s platform includes AI Money Coach, an integrated financial companion that provides personalised guidance and execution across investing, saving, and banking products

Brandon Krieg, co-founder and co-CEO of Stash, said, “Ed and I founded Stash because we believe the tools and advice to build long-term wealth should be accessible to everyone, not just the top 1%. Joining the Grab ecosystem is a validation of that mission. Grab has a track record of ecosystem-building through harnessing user data and a culture of entrepreneurship that will serve our growth ambitions. This acquisition gives us the best of both worlds: the capabilities to double down on growth in the U.S., and the resources of a technology powerhouse to accelerate our vision of personalized, AI-driven financial guidance for millions of people across all parts of their financial lives.”

Post-closing, Stash will continue operating as a standalone brand in the United States under its existing leadership team. 

Grab intends to support its continued U.S. growth while exploring longer-term opportunities to introduce Stash’s investing solutions, including AI Money Coach, into Southeast Asia.

Grab currently serves more than 50 million monthly transacting users across eight Southeast Asian markets, offering mobility, delivery, and financial services, including lending, insurance, payments, and digital banking operations in Singapore, Malaysia, and through an associate in Indonesia.